13-Month PC Time Stipulation Question

13-Month PC Time Stipulation Question

Hello all,

The card act stipulates waiting 13 months before you can PC to a higher fee card. As I understand it, there is conflicting answers on whether this applies to charge cards. I have had an AmEx Gold for 8 months. I plan to upgrade to the Platinum because of higher travel needs in 2014, and I also understand that if I wait until the Gold's AF posts, I will have to pay the Platinum's AF as well. My question is if the backdating of my card (1988), does this negate and/or satisfy the 13 month waiting period? Thank you all for your help.

Re: 13-Month PC Time Stipulation Question

09Lexie wrote:The backdating of your card does not satisfy the waiting period. The lender will have your actual account opening date. As far as upgrades, you can double check but most have reported it as a no go.

Thanks Lexie for your prompt reply. I suppose the only way is to close the Gold and re-apply for the Platinum. I don't think I want to do that though....

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation.
Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies.
Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
FTC's website on credit.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.